Oppenheimer Holdings (OPY) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Oppenheimer Holdings

NYSE•Financial Services•Capital Markets

$107.94+1.06(0.01%)Pre-market

Market Cap

$897.09M

P/E

10.4x

P/S

0.5x

P/B

0.9x

Oppenheimer Holdings Inc. operates as a middle-market investment bank and full-service broker-dealer. It provides brokerage services covering corporate equity and debt securities, money market instruments, exchange-traded options, municipal bonds, mutual funds, exchange-traded funds, certain precious metals, and unit investment trusts; financial and wealth planning services; and margin lending services. The company also offers asset management services, including separately managed accounts, mutual fund managed accounts, discretionary portfolio management programs, non-discretionary investment advisory and consultation services, alternative investments, portfolio enhancement programs, and institutional taxable fixed income portfolio management strategies and solutions, as well as taxable and non-taxable fixed income portfolios and strategies. In addition, it provides investment banking services, such as strategic advisory services and capital markets products; merger and acquisition, equities capital market, debt capital market, debt advisory and restructuring, and fund placement services; and institutional equity sales and trading, equity research, equity derivatives and index options, convertible bonds, event driven sales and trading, and portfolio and electronic trading, as well as provides custody, clearing, and prime services. Further, the company offers institutional fixed income sales and trading, fixed income research, public finance, and municipal trading services; and proprietary trading and investment activities. Additionally, it provides underwriting, market-making, trust, and discount services, as well as a cloud-based financial market. The company serves high-net-worth individuals and families, corporate executives, public and private businesses, institutions and corporations, governments, financial sponsors, and domestic and international investors. The company was founded in 1881 and is headquartered in New York, New York.

How this company scores

WeakMetricSide Score: 47/100

Grade capped at D — Interest coverage below 1× (0.4x) — earnings cannot cover interest. Strongest: Growth (17/25); weakest: Balance Sheet & Red Flags (8/25).

Profitability9/25

Growth17/25

Balance Sheet & Red Flags8/25

Cash & Earnings Quality13/25

Strengths

Cash-backed earningsConsistent growthNet cash position

Grade capped at D

Interest coverage below 1× (0.4x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 10.4x5y range 3.7x – 14.3x

Currently near its 20-quarter median.

P/S · 0.5x5y range 0.3x – 0.6x

Currently near its 20-quarter median.

P/B · 0.9x5y range 0.5x – 1.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 14.3% — watch for continued compression, which may signal competitive or cost pressure.

Cash Burn

Watch

FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $897.09M

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.75B
Q. Revenue: $382.00M
TTM EBITDA: $165.33M
TTM Op. Income: $127.21M
Q. Op. Income: $8.79M
TTM Net Income: $86.59M
Q. Net Income: $5.46M
EPS: $0.52
Shares Out.: $10.71M

$1.75B in TTM revenue grew 13.9% YoY, reaching $382.00M last quarter. TTM EBITDA of $165.33M and TTM operating income of $127.21M show growth is flowing through to the bottom line. TTM net income of $86.59M means revenue is converting into profit. Over the past year, TTM revenue is up 14% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 4.8%
Op. Margin: 2.3%
Net Margin: 1.4%

Op. margin of 2.3% is down 5.2% YoY — costs are rising relative to revenue. Net margin at 1.4% Over the past year, operating margin is down 69% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 10.4x
P/S Ratio: 0.5x
P/B Ratio: 0.9x

At 10.4x P/E, the stock trades below typical market levels. P/S of 0.5x and P/B of 0.9x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is up 10% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $4.09B
Cash: $38.01M
Long-Term Debt: N/A
Book Value: $1.00B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $132.35M
TTM Free Cash Flow: $57.38M
FCF Margin: 3.3%
FCF / Net Income: 0.7

TTM FCF of $57.38M on $132.35M in operating cash flow. The FCF / Net Income ratio of 0.7x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 28% — an improving trend.